A Tonne of Coal Purchased by Your Local Utility Firm

question 72

Multiple Choice

A tonne of coal purchased by your local utility firm to burn to make electricity would be BEST described as

• A)a financial asset.
• B)a used good.
• C)a final product.
• D)an intermediate good.

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Definitions:

Mode

The value that appears most frequently in a data set.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, often used are the mean, median, and mode.

Median

A statistical measure representing the middle value in a set of data, where half the numbers are above the median and half are below.

Correlation

A measure indicating the extent to which two or more variables fluctuate together.